欧晶科技: 中证鹏元关于关注内蒙古欧晶科技股份有限公司2025年半年度业绩预亏的公告

Core Viewpoint - The company, Inner Mongolia Oujing Technology Co., Ltd., is facing significant financial challenges, with projected net losses for the first half of 2025, primarily due to supply-demand imbalances in the photovoltaic industry and low product prices [1][2]. Financial Performance - The company expects a net loss of between 86 million yuan and 70 million yuan for the first half of 2025, compared to a loss of 125.75 million yuan in the same period last year [1]. - As of March 31, 2025, the company's debt-to-asset ratio was 52.13%, with total debts amounting to 846 million yuan and cash assets totaling 801 million yuan [2]. Credit Rating - The credit rating agency, Zhongzheng Pengyuan, has maintained the company's credit rating at AA- and the rating for its convertible bonds at AA-, while placing both ratings on a watch list [2][5]. - The balance of the "Oujing Convertible Bonds" as of July 23, 2025, was 469 million yuan, with a maturity date of November 23, 2029 [2]. Industry Context - The photovoltaic industry continues to experience supply-demand imbalances, which has adversely affected the company's production capacity utilization and pricing [1].